Top 31 How To Mention Current Ctc And Expected Ctc In Resume 175 Most Correct Answers

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For example, if your research shows that the average salary for your role is ₹6,00,000 per year, you can mention higher amounts as expected CTC. Alternatively, you can also add about 15% to 20% to your current CTC and mention a range.

How To Answer – What Is Your Expected Salary Or Expected CTC? | Interview Questions Answer | NitMan

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Guide: How To Answer Your Expected CTC In An Interview | Indeed.com India

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How to answer your expected CTC in an interview

General tips for answering your expected CTC

Why do interviewers ask about expected CTC

Sample answers for expected CTC question

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Disclosing your current and expected salary to a potential … very little to gain by revealing your expected CTC to a potential employer. Disclosing your current and expected salary to a potential employer may seem like a normal thing but is it a smart move? So your interviewer has now finally broached the topic of salary. It seems like a harmless enough question, right? You answer by saying you expect a figure “X” as your salary and
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Disclosing your current and expected salary to a potential employer may seem like a normal thing but is it a smart move

Questions for Reflection

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Guide: How To Answer Your Expected CTC In An Interview

Interviewing Guide: How To Answer Your Expected CTC In An Interview

Guide: How To Answer Your Expected CTC In An Interview

By Indeed Editorial Team Published 13 December 2021 Twitter LinkedIn Facebook Email Copy to Clipboard

While interviewing for a new job, an employer may ask you about your salary expectations. Although many interviewers save this question for later, others may ask it earlier in the process or when it is time to negotiate your offer. It is important to prepare for this question as it can maximise your negotiating power. In this article, we examine why an employer might ask this question and how to answer your expected Cost to Company (CTC) along with sample answers.

How to answer your expected CTC in an interview

When you prepare for an interview, it is prudent to understand how to answer your expected CTC. It is also beneficial for you to research the company, its vision, products, services, prospects and employee testimonials. A company may choose a candidate who gives them a favourable CTC expectation over another candidate with the same qualifications and skills. Like you prepare for the technical aspects of an interview, you can also prepare to answer questions related to your CTC. Here are some important steps on how to answer your expected CTC:

1. Understand the components of CTC

The CTC is a company’s total expenditure on an employee, including monetary and non-monetary expenses. Basic salary, allowances and deductibles are the three major components of CTC. Basic pay is normally not more than 40% of CTC. Allowances and deductibles may vary based on the type of company, their internal policies and company size. Knowing more about the different components of CTC can help you negotiate a better deal during an interview situation.

Other allowances and deductibles of CTC are:

house rent allowance

dearness allowance

medical allowance

entertainment allowance

conveyance allowance

provident fund contributions

professional tax

income tax

Related: What Is A Salary Slip? Importance, Components And Format

2. Perform research on salary trends

Salary trends are normally uniform and there may be some variations based on the location and size of the company. You can research current salaries on job search sites. Factor in the experience, skill level, working conditions, risks, travel requirements, benefits and perks that you may get from a competitor company. Some agencies list salary guides and salary surveys for various roles in multiple industries. You can research these to get an idea about current CTC trends.

3. Mention a salary range

After screening, if a company calls you for an interview, it implies that they are willing to consider paying you more than your current CTC or matching it. If the question of expected CTC comes up, indicate a range that you are comfortable with, based on your previous research on salaries and your current salary. Consider the allowances and benefits and the components that are added to your take home salary before indicating your expected salary range.

For example, if your research shows that the average salary for your role is ₹6,00,000 per year, you can mention higher amounts as expected CTC. Alternatively, you can also add about 15% to 20% to your current CTC and mention a range. Mentioning a range shows your flexibility and willingness to go forward with the interview. If you are filling an online application, include the word ‘negotiable’ at some point in the notes, even if you choose a figure or range from a drop-down list.

4. Be ready with a rational explanation

Once you mention an expected CTC range, an interviewer may or may not ask for the reasoning behind the numbers. Be prepared with an answer. You can use your qualifications, skills and experience as highlights to justify your expected CTC.

5. Deflect the question if necessary

During the interview, an interviewer may ask about expected CTC at the initial stages before asking you job-related questions. You can diplomatically refuse by saying that you can answer the question later once you understand the role and its responsibilities. You can also politely ask if they are willing to disclose the salary range they can offer for the position.

6. Mention expected CTC during formal rounds

In a typical process, you may have to face three rounds of interviews for entry and mid-level roles. Senior and executive roles have a more elaborate and formal process and go through multiple interview rounds. The second or the third round may be ideal to disclose your expected CTC when there is mutual clarity regarding your qualifications, skills, abilities and new responsibilities.

7. Be willing to negotiate

Knowing your CTC components is crucial so that you can negotiate accordingly. You can bargain for increased basic pay. The company may not offer many allowances or may not have the budget for your salary range but may be willing to offer you equity. You can also negotiate for cash allowances, rather than those given as benefits.

Related: Negotiation Skills: Definitions, Benefits And Examples

8. Be realistic and truthful about your answer

Though quoting an expected CTC amount is your discretion, do not inflate or quote unrealistic figures. Some skills and roles are niche and in-demand, and employers may pay high salaries to attract skilled professionals. Quote a realistic figure that is more than your current CTC within the company’s budget and in line with current salary trends. If your salary expectations are high, you may also have to substantiate it with reasons that can convince a business that you are worth hiring.

General tips for answering your expected CTC

A recruiter may ask you this question in the initial round of an interview, if you are a fresher or applying for an entry-level job. A hiring manager or a senior manager may ask you this question after the first or second interview round if they are interviewing you for middle and senior-level positions. Though there are no definite rules about when an interviewer can ask this question, your answer can be clear, honest and without any room for ambiguity.

Provide a salary range and indicate your willingness towards negotiating salary. If you feel that it is too early to disclose your expectations or are unsure about a figure, you can let the interviewer know that you may answer this question in future rounds. Do not leave the question unanswered.

Related: How To Prepare For A Job Interview

Why do interviewers ask about expected CTC?

The primary reason for interviewers asking this question in the initial stages is for screening purposes. Businesses give a set of guidelines like qualifications, experience, skills and salary range to recruiters to screen and recommend suitable candidates for interviews. If you quote a high figure, it can indicate that you are too senior for the role or your expectations are too high. If your expectation is above the company’s guidelines, they may not consider your application. If you mention a salary under their range, they may think that you have less experience.

As the interview moves to the formal stages, you may meet senior management and hiring managers. When they ask about your expected CTC, it may imply that they are considering your candidature and exploring if your expectations match their budgets. On rare occasions when companies find an exceptional candidate with very high CTC expectations, they may offer salaries beyond their fixed budgets.

Sample answers for expected CTC question

There are no specific answers to how to answer your expected CTC. You can use your discretion to answer it in a way that is clear and leaves no doubt. Here are a few examples to provide context as you research average salaries and determine what response is best for you:

To reveal or not to reveal: Current & Expected CTC

Disclosing your current and expected salary to a potential employer may seem like a normal thing but is it a smart move?

So your interviewer has now finally broached the topic of salary. It seems like a harmless enough question, right? You answer by saying you expect a figure “X” as your salary and one of the three things happen:

(1) Your answer is too low.

Your interviewer now thinks you’ve either not done enough research (implying lack of interest in a job) or that you do not consider your skills as competitive enough for the market to pay prime price.

(2) Your answer is within the allocated range.

However you lose all ability to negotiate in the later part of the process.

(3) Your answer is too high.

You may inadvertently shoot yourself in the foot by taking yourself out of the race too early.

In other words, you have a lot to lose and very little to gain by revealing your expected CTC to a potential employer. Likewise, when you share your current CTC, you may not be considered for the position or limit your negotiation range.

When you are asked for historical salary information in an application form, it’s best to leave the field blank or with a ‘0’. Similarly, when you are asked to share your expected CTC or take-home pay, answer the question with a ‘0’ or ‘negotiable’.

It’s a little tougher to avoid such questions in an interview but if you do face such a situation, consider saying that you would like to keep the information confidential until you receive an offer. You can also state that you are confident that you will be able to come to a fair figure should the position be offered to you. Then change the topic to what value and contributions you can bring to the organization, if selected. Another clever tactic that you can employ is to counter the interviewer’s question with one of your own such as “How much is the salary budgeted for this?”

These usually work 90% of the time, however, in some cases, you may feel pressed to provide the recruiter with a figure. In this case, state a range. Do not quote this arbitrarily. Make sure it is based on industry standards, and relative to the cost of living. When you state the range, make sure you inject enough confidence in your voice. By stating the expected salary figure timidly or as a question, you may be doing yourself a great deal of harm that could cost you thousands every year.

Therefore, the next time you are asked about your salary, don’t share it right away. Do your research and negotiate for a fair market compensation.

Questions for Reflection

Did revealing your salary details in the past help or hamper you?

At which stage is it most difficult or nearly impossible to avoid answering the salary questions?

This article, by NKOACH associate Chaitra Kamath, was originally published on my blog. If you liked it, please click the 👍 (LIKE) below so other people will see this here on LinkedIn. Every bit helps .

Where do you put CTC on resume? – AnswersToAll

Where do you put CTC on resume?

When you are asked for historical salary information in an application form, it’s best to leave the field blank or with a ‘0’. Similarly, when you are asked to share your expected CTC or take-home pay, answer the question with a ‘0’ or ‘negotiable’.

Should I mention my CTC in resume?

Hi, what is CTC? Someone asked me, so it’s Cost to Company which means your current package in the organization you are currently employed and ECTC an Expected Cost to Company for your future firm. Hence, one should not write expected CTC in the resume.

How do you enter CTC?

Formula: CTC = Gross Salary + Benefits. If an employee’s salary is ₹40,000 and the company pays an additional ₹5,000 for their health insurance, the CTC is ₹45,000. Employees may not directly receive the CTC amount as cash.

What is CV CTC?

Cost to company (CTC) is a term for the total salary package of an employee, used in countries such as India and South Africa. It indicates the total amount of expenses an employer (organisation) spends on an employee during one year. Employees may not directly receive the CTC amount.

What is current CTC full form?

CTC: Cost To Company It is the annual salary package of an employee. It indicates the total expenses that a company/organization spends on an employee in a year. Now a days, most of the companies offer their salary in the form of CTC.

What is meant by CTC in job application?

CTC or cost to the company is the amount of money spent by the employer to hire a new employee. It comprises of several components such as HRA, medical insurance, provident fund, etc.

How do you write expected salary in resume?

Tips on how to write an expected salary in a resume

Research the average salary for your position and skill level. You can conduct research to discover fair wages for your industry and position. State your salary is negotiable. Emphasize your flexibility. Personalize your expectations for each job. Keep it short.

What is the CTC in salary?

Cost to Company

Cost to Company or CTC as it is commonly called, is the cost a company incurs when hiring an employee. CTC involves a number of other elements and is cumulative of House Rent Allowance (HRA), Provident Fund (PF), and Medical Insurance among other allowances which are added to the basic salary.

What is the meaning of 15000 CTC?

Last Updated: May 22, 2019 By Chandrakant Mishra. “We are pleased to inform you that your total remuneration would be 1.8 lakh annual on the CTC basis”. These were the words written in the offer letter of TV18. I quickly calculated on the fingertips, it means 15,000/month. It was a good salary in 2004.

Is CTC monthly or yearly?

CTC is inclusive of monthly components such as basic pay, various allowances, reimbursements, etc. and annual components such as gratuity, annual variable pay, annual bonus, etc.

How do you answer current CTC?

Do you write expected CTC in your resume?

Hence, one should not write expected CTC in the resume. Neither the per cent of the hike you are looking for nor the exact figure which you are getting in the current company.

How is the Current CTC for fresher calculated?

What is current CTC for fresher? It is calculated by adding salary to the cost of all additional benefits an employee receives during the service period. If an employee’s salary is 50,000 INR and the company pays an additional 5,000 INR for their health insurance, the CTC is 55,000 INR. How much CTC will I get?

How is the cost to Company ( CTC ) calculated?

Cost to Company (CTC) is the yearly expenditure that a company spends on an employee. CTC is calculated by adding salary and additional benefits that an employee receives such as EPF, gratuity, house allowance, food coupons, medical insurance, travel expense and so on. …

What should be included in a company’s expected CTC?

So primarily CTC should be only with cash components. If the company adds any other component to the CTC figure, you need to watch out for that and check for finer details. Sometimes companies will add one time sign on, relocation and other one time payments to the CTC.

So you have finished reading the how to mention current ctc and expected ctc in resume topic article, if you find this article useful, please share it. Thank you very much. See more: how to mention current ctc in resume, how to answer expected ctc in email, how to write expected ctc in resume, how to write ctc in job application, expected ctc for 2 years experience, how to write ctc in lakhs, what to write in current ctc for fresher, Ask about salary in interview

Top 31 How To Mention Current Ctc And Expected Ctc In Resume 175 Most Correct Answers

Guide: How To Answer Your Expected CTC In An Interview | Indeed.com India

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To reveal or not to reveal: Current & Expected CTC

Should I write CTC in My Resume Career Articles | Shine learning

What is your current CTC for fresher?

how to mention current ctc and expected ctc in resume

how to mention current ctc and expected ctc in resume

What is your Expected CTC? Should I tell my expected salary
or say as per comp

Guide: How To Answer Your Expected CTC In An Interview

To reveal or not to reveal: Current & Expected CTC

Where do you put CTC on resume? – AnswersToAll

Leave a Comment Cancel reply

Guide: How To Answer Your Expected CTC In An Interview | Indeed.com India

Error 403 (Forbidden)

To reveal or not to reveal: Current & Expected CTC

Should I write CTC in My Resume Career Articles | Shine learning

What is your current CTC for fresher?

how to mention current ctc and expected ctc in resume

how to mention current ctc and expected ctc in resume

What is your Expected CTC? Should I tell my expected salary or say as per comp

Guide: How To Answer Your Expected CTC In An Interview

To reveal or not to reveal: Current & Expected CTC

Where do you put CTC on resume? – AnswersToAll

Leave a Comment Cancel reply

What is your Expected CTC? Should I tell my expected salary
or say as per comp